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mjkiii

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mjkiii

Re: mjkiii post# 929

Friday, 03/12/2010 5:17:44 PM

Friday, March 12, 2010 5:17:44 PM

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Complete new tax reform package was just passed by the Panama National Assembly one hour ago. Forty votes for 15 votes against. Martinelli will now sign it into law. Very good for business!!! They will raise sale tax to 7% and extend breaks for businesses.

The debate has been ongoing since November, now it is over. Details will be published soon, but I know it is really good news for business as they moved in the direction of taxing consumption and not income!
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